STECI
ActiveThe computed 12-month bankruptcy probability of STECI is 1.7% (moderate). The 2025 annual accounts show equity of €24k and a net result of €103k. Equity is shrinking by ~35.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 17987 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency9▼-14
Growth58=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.95 in 2024), and 95.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.7%
Return on assets
20.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
18 d early
2024
17 d early
2023
21 d early
2022
14 d early
2021
22 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 70.4%
2024 · €81k
2021: €91k
2022: €178k
2023: €238k
2024: €81k
2021 → 2025
Total assets
€509k▲ 19.9%
2024 · €425k
2021: €488k
2022: €552k
2023: €553k
2024: €425k
2021 → 2025
Net result
€103k▼ 13.1%
2024 · €118k
2021: €67k
2022: €87k
2023: €60k
2024: €118k
2021 → 2025
Working capital
€-71k▼ 1,084%
2024 · €-6k
2021: €30k
2022: €105k
2023: €159k
2024: €-6k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€178k▲ 96.0%€238k▲ 33.4%€81k▼ 65.9%€24k▼ 70.4%
Operating result€93k-€106k▲ 14.1%€77k▼ 27.2%€152k▲ 96.9%€142k▼ 7.1%
Net result€67k-€87k▲ 30.5%€60k▼ 31.7%€118k▲ 98.9%€103k▼ 13.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €509k
Fixed assets
€285k▼ 6.9%
Current assets
€224k▲ 89.2%
Equity and liabilities €509k
Equity
€24k▼ 70.4%
Debt
€485k▲ 41.2%
The debt ratio rises from 80.9% to 95.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€164k▼
2024 · €175k
Cash flow
€126k▼
2024 · €141k
Solvency
4.7%▼
2024 · 19.1%
Current ratio
0.76▼
2024 · 0.95
Quick ratio
0.74▼
2024 · 0.93
Debt / equity
20.21▲
2024 · 4.24
ROE
428.8%▲
2024 · 146.1%
ROA
20.2%▼
2024 · 27.9%
Interest coverage
36.00▼
2024 · 48.11
Debt
€485k▲
2024 · €343k
Debt ≤ 1 year
€295k▲
2024 · €124k
Debt > 1 year
€189k▼
2024 · €219k
Income taxes
€37k▲
2024 · €32k
Staff costs
€117k▲
2024 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€425k€509k▲
Fixed assets21/28€306k€285k▼
Intangible fixed assets21€14k€9k▼
Tangible fixed assets22/27€292k€276k▼
Land and buildings22€262k€251k▼
Plant, machinery and equipment23€29k€24k▼
Furniture and vehicles24€2k€825▼
Current assets29/58€118k€224k▲
Stocks and contracts in progress3€3k€5k▲
Stocks30/36€3k€5k▲
Amounts receivable within one year40/41€522€2k▲
Trade receivables40€468€193▼
Other amounts receivable41€54€1k▲
Current investments50/53€1k€18k▲
Cash at bank and in hand54/58€113k€193k▲
Deferred charges and accrued income490/1€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€425k€509k▲
Equity10/15€81k€24k▼
Contributions10/11€24k€24k=
Reserves13€57k€0▼
Distributable reserves133€57k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€343k€485k▲
Amounts payable after more than one year17€219k€189k▼
Financial debts170/4€219k€189k▼
Amounts payable within one year42/48€124k€295k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€6k€8k▲
Other loans439€6k€8k▲
Trade debts44€21k€20k▼
Suppliers440/4€21k€20k▼
Taxes, remuneration and social security45€25k€34k▲
Taxes450/3€10k€19k▲
Remuneration and social security454/9€15k€15k▲
Other amounts payable47/48€43k€203k▲
Accrued charges and deferred income492/3-€768
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€86k€117k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€265k€284k▲
Operating profit (loss)9901€152k€142k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€151k€140k▼
Income taxes67/77€32k€37k▲
Profit (loss) for the period9904€118k€103k▼
Profit (loss) for the period to be appropriated9905€118k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€118k€103k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€157k€57k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€275k€160k▼
Return on contributions (dividend)694€275k€160k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €118k ▲98.9%
Operating result €152k, net result €118k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €60k ▼31.7%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €238k ▲33.4%
3 profitable years in a row build equity to €238k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €178k ▲96%
2 profitable years in a row build equity to €178k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Niel · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 662845 NielGround area
409 m²
Building footprint
249 m²
Volume, LiDAR
1,163 m³
Parcel 11030B0088/00S005, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bakkerij Melis
since 20202.307.759.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030B0088/00S005 | Flanders | 409 m² | 1 · 249 m² | 10.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNiel2.307.759.761
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Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 1,308 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-08-2020
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.